Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

A. O. Smith forms Tankless Venture with Takagi After Rinnai Opts Out
Jun 23, 2010
 Printable format
 Email this Article
 Search
A. O. Smith Corp. and Japan's Takagi Industrial Co. Ltd. established a joint venture to manufacture and market tankless water heaters in North America, which means A.O. Smith-brand tankless water heaters will no longer be produced by Rinnai America. As part of the venture, A. O. Smith will take over management of Takagi’s existing North American sales and distribution organization and will maintain Takagi’s North American headquarters in Irvine, CA. The companies expect the transaction to close in the third quarter of 2010. Through the joint venture, A. O. Smith will offer a full line of tankless gas water heaters under its own brands in association with the Takagi brand and will assume responsibility for the Takagi brand in the U.S. and Canada. Takagi currently manufactures gas tankless water heaters in Japan for residential and commercial applications. Manufacturing will begin in the U.S. upon "achieving an appropriate volume threshold," A.O. Smith said. Rinnai America said it informed A.O. Smith in September of 2009 that it would not continue to produce tankless water heaters for A.O. Smith. "It is unfortunate that A.O. Smith could not produce the results that were the foundation of the agreement," said Rinnai General Manager Phil Weeks. "Both companies expended a lot of effort to launch this program."

Back to Daily News

 

Daily News

...........................................................

Apr 16, 2014: Home Builder Confidence Steady in April

Apr 16, 2014: Little Swan Sees China Becoming a Front-Loader Washing Machine Market

Apr 16, 2014: Hisense Poised for Continued Growth in Africa

Apr 16, 2014: Sensor Hubs Seeing Big Gains

Apr 10, 2014: AGA Rangemaster Names Kathryn M. Ireland To Be North American Brand Ambassador

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows